Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CXO > SEC Filings for CXO > Form 8-K on 21-Nov-2016All Recent SEC Filings

Show all filings for CONCHO RESOURCES INC

Form 8-K for CONCHO RESOURCES INC


21-Nov-2016

Unregistered Sale of Equity Securities


Item 3.02 Unregistered Sales of Equity Securities.

On November 19, 2016, COG Operating LLC (the "Buyer"), a wholly owned subsidiary of Concho Resources Inc. (the "Company"), entered into a definitive purchase and sale agreement (the "Purchase Agreement") with an undisclosed third party (the "Seller") and, solely with respect to certain sections specified therein, the Company. Pursuant to the Purchase Agreement, the Buyer agreed to acquire certain interests in oil and gas properties, rights and related assets of the Seller located in the northern Delaware Basin (the "Acquisition"). As partial consideration for the Acquisition, the Company agreed to issue to the Seller 2,177,300 shares of common stock of the Company at a per share value of $128.60 (the "Company Stock"), having an aggregate value for purposes of the Purchase Agreement of approximately $280.0 million. The Acquisition is expected to close in January 2017, subject to customary closing conditions.

The issuance of the Company Stock under the Purchase Agreement will be made in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof and the regulations promulgated thereunder. The Company will rely on this exemption from registration based in part on representations made by the Seller.


  Add CXO to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CXO - All Recent SEC Filings
Copyright © 2017 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.